High-speed rail brake sheet and carbon-based composite business both made great efforts, and the net profit growth rate of Tianyi Shangjia exceeded 50% in 2021

2022-06-18 0 By

On the evening of April 7, Tianyi Shangjia, a listed company on the Science and Innovation Board, released its 2021 annual report.During the reporting period, under the dual support of traditional gate segment business and carbon-based composite business, the company achieved operating revenue of 671 million yuan, up 61.68% year on year;Net profit attributable to shareholders of listed companies also rose 53.05 per cent year-on-year to 175 million yuan in the period.After disassembling various businesses of the company, it can be found that the traditional advantages of POWDER metallurgy brake and synthetic brake/shoe business of Tianyishangjia will remain stable in 2021, achieving a total revenue of 422 million yuan.In 2021, the carbon-based composite material business segment, which the company focuses on cultivating, has achieved a revenue of 142 million yuan, accounting for 21.18% of the company’s total revenue.In addition, the total revenue of other innovative businesses, including resin based carbon fiber composite business and precision manufacturing of aviation large structural parts, reached 91.48 million yuan, accounting for 13.62%.”With new materials as the main line, from powder metallurgy materials to carbon based composite materials, the company has created a second growth curve gradually highlighted.”In the annual report, Tianyi Has positioned itself as a “platform company for the industrialization and application of green energy new materials innovation”, and said that while continuing to focus on the main business of friction brake materials, it will increase investment in the research and development of carbon matrix composites, resin matrix carbon fiber composites and other fields.It aims to expand the product system from single product field of rail transit to multi-category products of large transportation and new energy fields.As one of the first listed companies to land on the KECHUANG Board, Tianyi Shangjia has been labeled as “Domestic alternative” in the market, and occupies a leading position in the field of POWDER metallurgy brake plates for high-speed railway emUS.In fact, as the market has said, tianyi Shangjia is still the manufacturer with the most emU brake plate certification issued by CRCC (China Railway Inspection and Certification Center) covering the most models, and the core supplier of Fuxing standard EMU, with obvious market first-mover advantage.In 2020, in the context of COVID-19 affecting vehicle operation rate, Tianyujia still achieved more than 400 million yuan of revenue in the POWDER metallurgy brake and synthetic brake/shoe business, which constitute the absolute pillar business of the company.Despite the ongoing epidemic in 2021, the business segment of Tianyi Shangjia still achieved revenue of 422 million yuan, up 1.9% year on year.It is worth mentioning that although the POWDER metallurgy brake and synthetic brake/shoe business revenue grew year over year, its share in the company’s total revenue decreased to 62.87%.Among them, the formation of tianyi excellent performance “second growth curve” is the emerging carbon – based composite materials business.Public information shows that carbon matrix composite material refers to the composite material formed by chemical vapor deposition process with carbon fiber as reinforcement, carbon or silicon carbide as matrix, mainly including carbon carbon composite material products, carbon ceramic composite material products.At present, advanced carbon matrix composites are widely used in photovoltaic, semiconductor, brake and other fields.In August 2021, the Ministry of Industry and Information Technology has just included carbon-based materials into the “14th Five-Year plan” for the development of raw material industry to comprehensively break through key core technologies, overcome “bottleneck” varieties, improve the quality of carbon-based new materials and other products, and promote the advanced industrial base and the modernization of industrial chain.As for Tianyi Shangjia, the carbon-based composite material business segment that the company will focus on cultivating in 2021 has achieved a revenue of 142 million yuan, accounting for 21.18% of the company’s total revenue.At present, the company mainly focuses on carbon carbon composite and carbon ceramic composite two fields.Among them, carbon carbon composite materials as consumables in photovoltaic crystal silicon manufacturing thermal field system has been widely used.The content of the annual report shows that in 2021, tianyi Shangjia’s 2,000-ton carbon-carbon composite products production line and prefabricated phase I production line have been settled in Jiangyou Industrial Park and reached the state of production.Up to now, the company has carried out sample submission work with a number of mainstream photovoltaic wafer manufacturers and entered the pilot stage.In the field of carbon ceramic composite material business, In 2021, Tianyi Shangjia has completed the preparation technology reserve for new energy vehicles, commercial vehicles and special vehicle preforms, and made breakthroughs in the processing technology of carbon ceramic products, shortening the processing cycle, and is expected to further reduce production costs in the industrialization process.At present, Tianyi Shangjia has signed a strategic cooperation agreement with Beiqi Foton in 2022 to jointly design and develop core components of commercial vehicles and special vehicles.The company in jiangyou Industrial Park of carbon ceramic plate industrialization construction project has been started.Citic Construction Investment Research Institute pointed out in the research report, The new layout of carbon fiber materials can be widely used in military and civil fields, carbon ceramic materials for aircraft and ultra-high speed rail transit and automobile brake disc, carbon carbon materials for rocket throat lining and photovoltaic heat field.The company is expected to walk out of the second growth curve under the stable growth of the traditional high-speed brake plate business.”With the gradual release of the demand of the photovoltaic industry, as well as a wide range of applications in the high heat field, carbon based composite products will also face a broad market space, the future may bring Tianyi Shangjia second growth curve.After all the production capacity that the company is expected to put in, we believe that this business will become a new material as the core of the company, and the development of the double main business pattern.”For tianyi shangjia future development trend, galaxy securities machinery team also gave a similar judgment.In addition to the carbon-based composite business, which has greatly supported the company’s performance, other innovative businesses nurtured by Tianyi Shangjia have also begun to release their growth potential.Data from the annual report show that in 2021, Tianyi Shangjia newly launched the precision manufacturing business of aviation large structural parts, which achieved revenue of 73.53 million yuan in the current period. The innovative business revenue of resin-based carbon fiber composite products also reached 17.95 million yuan, accounting for 13.62% of the company’s total revenue.With the above two businesses, Tianyi Shangjia has respectively achieved entry into the military aviation field and commercial aerospace field, adding more possibilities for the company’s subsequent development.In order to support the development of innovative business, Tianyi Shangjia continues to maintain a high proportion of R&D investment in 2021.R&d expenses totaled 69.38 million yuan, accounting for 10.34% of the operating revenue.The number of r&d personnel of the company in 2021 also appears “blowout”, with a year-on-year growth of 70% to 126 people.In addition, up to now, Tianyi Shangjia has obtained 231 patents and 22 software Copyrights.On the whole, after years of development of KEChuang Board, Tianyu Shangjia is no longer limited to “the domestic leading supplier of POWDER metallurgy brake plates for high-speed train sets”. With new materials as the main line, from powder metallurgy materials to carbon matrix composite materials, the second growth curve created by the company gradually highlights.According to the plan in the annual report, Tianyi Shangjia will be committed to developing into a “platform company for the industrialization and application of green energy new materials innovation”. While continuing to focus on the main business of friction brake materials, tianyi Shangjia will increase its investment in the research and development of carbon matrix composites, resin matrix carbon fiber composites and other fields.It aims to expand the product system from single product field of rail transit to multi-category products of large transportation and new energy fields.This article comes from digging shell net